How much money will Colorado taxpayers get this year?

Colorado taxpayers could receive state tax refunds of up to $1,130 on their taxes this year, depending on their filing status and gross income, state officials said.

According to the Colorado Department of Revenue’s Taxation Division, single-filing taxpayers could receive between $177 and $565 in tax refunds under Colorado’s Taxpayer’s Bill of Rights, and joint-filing taxpayers could receive between $354 and $1,130, depending on their gross income bracket.

TABOR is a constitutional amendment that caps the state budget and requires tax revenues collected above that to be refunded to taxpayers. In fall 2022, taxpayers received $750 in refunds via direct checks; for tax year 2023, $800 per taxpayer was paid out through the typical tax-filing process this past spring.

2024 TABOR refunds will arrive in 2025, state officials said.

Single filers will receive:

• $177 for gross incomes of up to $53,000;
• $240 for gross incomes between $53,001 and $105,000;
• $277 for gross incomes between $105,001 and $166,000;
• $323 for gross incomes between $166,001 and $233,000;
• $350 for gross incomes between $233,001 and $302,000;
• $565 for gross incomes of $302,001 and above.

Joint filers will receive:

• $354 for gross incomes of up to $53,000;
• $480 for gross incomes between $53,001 and $105,000;
• $554 for gross incomes between $105,001 and $166,000;
• $646 for gross incomes between $166,001 and $233,000;
• $700 for gross incomes between $233,001 and $302,000;
• $1,130 for gross incomes of $302,001 and above.